NAV or net asset value of a  mutual fund scheme is the price that is paid per unit by an investor to purchase units of the scheme. Since the market value of the assets held in the scheme changes every day, the NAV also changes each day and is disclosed by the fund on a daily basis. It is important to know the NAV of the fund mainly to gauge the performance of the scheme over a period of time. Besides this, NAV is also associated with a few myths. What are some of these myths?Here is a video which demystifies the NAV and differentiates the facts from the myths.